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Foreign exchange market: the Dirham depreciates by 0.2%

10/02/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The Bank Al-Maghrib (BAM) weekly bulletin indicated that the value of the Dirham depreciated by 0.2% against both the euro and the US dollar during the period from January 30 to February 5, 2025. During this period, no auction transactions were carried out on the foreign exchange market

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According to the same source, official reserve assets (AOR) stood at 369.8 billion Dirhams (MMDH) as at 31 January last year, up 0.1% from one week to the next and 3.7% year-on-year.

Regarding the volume of Bank Al-Maghrib's interventions, it amounted to 141.5 billion DH on a daily average during the week from 30 January to 5 February. This volume is divided between 7-day advances for MAD 59.7 billion, as well as pensions delivered over a longer term (MAD 51.3 billion) and guaranteed loans (MAD 30.5 billion)

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On the interbank market, the average daily trade volume was 3.7 billion DH and the interbank rate stood at 2.5% on average.

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